The news from Pakistan is not good. Aside from that, the market was extended, which equals loads of pain ahead for the bulls.
While it’s true, “The Fly” loathes beartards, it makes sense to do some serious selling, up at these lofty levels.
I don’t know why I’m so bearish. It’s rather perplexing. Whenever I see stocks, I want to sell them.
During Christmas festivities, I was the guy, near the fireplace, who told you, : “sell everything fuckface. We’re going significantly lower, soon.” Then, I’d walk away and grab another shot of whiskey, much to your chagrin.
The purpose of this site, is to provide actionable ideas. However, as you know, from time to time, “The Fly’s” time machine transforms into a shitmobile, effectively losing everybody money.
I’ll have you know, the shitmobile is parked in the garage. I’m now driving a brand new, space aged, pimped out, time machine— not to be confused with time masheens.
My point: “The Fly” is much smarter than you, and wins all the time, even when he appears to be losing. Over the last quarter, I snagged sweet trades, such as [[GRMN]] @ $85, [[RIMM]] @ $100 or [[VMI]] @ $74.
What did you do?
Let’s not forget, my fellow blogger here at iBankcoin, Danny, was right 72% of the time, booking a 123% gain in [[RICK]].
As for today’s trading:
This is not a buy on the dip scenario. I want to sell short [[LEH]] and go long [[FXP]] and [[SKF]].
Then, I want to go eat a sandwich, drink a few Monster Energy Soda’s, while throwing empty glass seltzer bottles at my trader/servant.
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